Price volatility in VIC and SA on Friday 1st March
Some quick notes about the volatility seen in the NEM on Friday 1st March 2019 – a hot day in Victoria and South Australia, the first day of Autumn.
Lessons Learnt from Amber’s first summer of Spot Exposure in the NEM
Now that summer 2018-19 has passed, we can reflect on our experiences as a new entrant energy services company facilitating spot exposure for residential energy users – and hence expanding the scope for Demand Response in the NEM.
A (preliminary) Intermediate Guide to How Prices are Set in the NEM
In the process of assembling a long-range data set on how much every single generator has contributed to the price of Energy in each Region of the NEM (which we’re doing for our Generator Report Card 2018) we’ve pulled some preliminary analysis together here of how many dispatch intervals since 1st January 2018 see the Price Setter files highlight instances of setting the price ranging:
from “Very Simple” (at Category 1)
… to “Very Complex” (at Category 5)
It’s heating up, in Victoria and South Australia for Friday 1st March
An AEMO Market Notice about “Generator Recall” for Friday’s forecast hot weather in South Australia and Victoria prompts a quick look at what’s changed in the forecast that would prompt this action.
Factors contributing to an unforeseen price spike in NSW at 16:15 on Thursday 31st January 2019
Taking a brief (well, actually longer than intended) look into the various factors that delivered a price spike above $10,000/MWh on Thursday 31st January in NSW – and thinking through the implications for one particular Demand Response client, and for the broader market.
New all-time record for electricity demand in Queensland on Wednesday 13th February 2019
The Queensland region of the NEM saw a new all-time record for peak electricity demand today (Wed 13th February 2019) by several different measures. A bit later in the evening we take a brief look at a few different factors.
Very preliminary review of Quantity and Quality of Rebids suggests some interesting details…
As part of the process of compilation of our Generator Report Card 2018, we’re delving into quite some detail into various aspects of generator bidding and re-bidding. Today I thought it might be useful to share some *very early and preliminary* observations that we’re starting to see when trending and categorising rebids.
Looks set for a peak demand in QLD on Wednesday up near the all-time maximum
Currently (as at Monday morning 11th February) AEMO forecasts indicate that Queensland electricity demand on Wednesday afternoon will come very close to an all-time record.
AGL Investor Presentation reports on Portfolio Availability–we take a look for key Stations
AGL released its investor presentation yesterday – several people flagged the availability stats within the presentation (they knew we were looking at aspects of reliability for our Generator Report Card 2018). Hence I take a brief detour and have a quick look.
2018 – the year fossil fuels began an inexorable decline
Guest author, Tristan Edis, takes a look at the changing pattern of generation by fuel type in 2018
Two points about the high demand & prices, and the load shedding, on Friday 25th January 2019
Two quick notes about what happened in Victoria on Friday 25th January 2019 following conversations with a number of people.
The north Queensland deluge cuts solar production
A quick look at the effect that the monsoonal rains in northern Queensland are having on several power generation options in northern Queensland.
Looking backwards over the past 2 weeks in the NEM
Back at work this week and (with curiosity getting the better of me) I have another look at what happened last Thursday and Friday in the South Australian and Victorian regions of the NEM.
My first look at the highs, and lows, in Victoria and South Australia on Thursday 24th January 2019
A first look at some of the action seen in the southern parts of the NEM on Thursday 24th January 2019 as a result of the latest crazy heatwave that has afflicted central Australia – particularly affecting electricity supply and demand in South Australia and Victoria
AEMO dispatches Reserve Trader on Thursday 24th January as IRPM in VIC and SA plunges
A short post, prior to further analysis next week, to notify readers that Reserve Trader has been dispatched today.
NEM Scheduled Demand tops 33,000MW and prices spike in the south on Tuesday 22nd January
Some snapshots from NEMwatch recording a day where NEM-wide demand breached 33,000MW and prices spiked above $1000/MWh in VIC and SA
First scorching summer day for the year and the sky rocketing price of electricity.
The first day of scorching summer temperatures for the year has been matched with elevated electricity prices in New South Wales, Victoria and South Australia for most of the day. …
NEM spot prices remained stubbornly high in 2018 – what were the drivers?
The surge in NEM spot prices since 2015, and related impacts on contract and retail prices, have been extensively discussed and analysed in many forums, from ACCC inquiries to Twitter….
A potentially extreme temperature forecast for Adelaide and Melbourne next week…
Following AEMO’s warnings issued yesterday about possible extreme heat next week in Adelaide, Melbourne and Sydney, I take more of a look at what might transpire and compare it to historical correlations between cities.
Hot weather forecast to drive demand past 31,000MW next Tuesday 15th January
With high temperatures forecast to return to the NEM next week, we take a quick look at the AEMO’s demand forecast.